Dr.AMAN
TF Legend
Damn... Nifty is through the roof already today
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The spiritual and financial significance of Diwali purchases and Muhurat trading
Muhurat trading is a special one-hour session on the Indian stock exchanges (BSE and NSE) held on Diwali.
Auspicious timing: The term muhurat refers to a propitious or astrologically favourable time. The trading session is held during an auspicious planetary alignment, and investing during this time is believed to bring wealth and prosperity throughout the new year (Vikram Samvat).
Start of the financial year: For many traders and investors, Diwali marks the start of a new Hindu financial year. Engaging in muhurat trading is a ceremonial and symbolic way to begin the year on a positive note, hoping for profitable returns.
Blending tradition with finance: The tradition originated from Indian business communities who would perform Chopda Pujan (worship of account books) on Diwali and open new ledgers. Muhurat trading is a modern continuation of this ritual, linking financial activity with cultural tradition.
Positive sentiment: The session is often characterized by a festive and optimistic atmosphere. Many investors participate, regardless of the size of the trade, to feel part of this shared cultural event. This positive market sentiment can sometimes lead to bullish trends during the session.
Today Muhurat is coming after Market Closing , second - it was discussed already to open /execute session without clashing with "Dipawali Poojan Time" in evening.
Wishing everyone a Happy and Prosperous Dipawali 🎉🎉🪔🪔🎇🎇
"Today Muhurat is coming after Market Closing, second - it was discussed already to open /execute session without clashing with "Dipawali Poojan Time" in evening."
Okay, that's why this year, Mahurat trading is on the next day of Diwali.
Happy Dipawali. 🪔
Jai Shree Ramchandra. 🚩
You are not getting it properly !!!
Amavasya is going to start 3:45 PM today, so Diwali 🎇 🪔 Pujan Can be done Today Eve.
Pitr Pooja पितृ पूजन tomorrow morning..
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Now I get it. 🙏🏻
You can use the "Watch" button at the top
aishwarya
TF Premier
Ou.. I got it.. thanx
YES, I got this news, NDTV PROFIT (subscribed to the What's App channel).
Lakshya Mahani
TF Ace
Lenskart IPO is coming on a PE of 234. Is Peeyush Bansal mad or what, he talked so much about valuation and all, now what, apni baari aayi toh Valuation word bhool gaye bhaiya?
If Zomato can trade @ 1054 PE why can't I (LK)
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Lakshya Mahani
TF Ace
Zomato toh ultra legend category mein hai already, ab lenskart ka number hai
Let’s forget about the fundamentals of a company for a bit.
This whole idea of LensKart is, I think, based on euphoria. Once that settles down, the company will go down.
I have been wearing glasses since class 10th, 2006, and I purchased glasses just once from LensKart. At first, it seemed like glasses were cheap, good, one plus one free, that's too good, but once you start using them, it turns out that the price was overpriced for even just one glass. There are no major brands available on its platform. That’s why I always purchase glasses from Titan Eye Plus (lots of brands—cheap and best). The second issue— online prescription glasses purchase is a big headache. You can't provide them with the focal point of the eye, which optimists take with their machine in stores.
My opinion—one can go for IPO issue gain but don't expect much from the company in the long term.
Again, just my opinion, which doesn’t necessarily have to be correct.
This whole idea of LensKart is, I think, based on euphoria. Once that settles down, the company will go down.
I have been wearing glasses since class 10th, 2006, and I purchased glasses just once from LensKart. At first, it seemed like glasses were cheap, good, one plus one free, that's too good, but once you start using them, it turns out that the price was overpriced for even just one glass. There are no major brands available on its platform. That’s why I always purchase glasses from Titan Eye Plus (lots of brands—cheap and best). The second issue— online prescription glasses purchase is a big headache. You can't provide them with the focal point of the eye, which optimists take with their machine in stores.
My opinion—one can go for IPO issue gain but don't expect much from the company in the long term.
Again, just my opinion, which doesn’t necessarily have to be correct.
I have been using lenskart from the time it exists. I guess 2011 or 2012. It glasses kind of just fits me. I am too lazy to go out to order and then pick again. I do not look anywhere else as it just works. Probably same reason i have stuck to bigbasket for almost same time. They are not cheap. They have their own brands (whatever they may be). Two pair of glasses last for me for 3 years without a problem.
My problem with their ipo is that I dont know what different will do which will improve their profitability. They have been in business for more than decade. Have online / offline presence. What will do with ipo money which they could not do with VC money. Will new factory help emough? And at this price, stock doesn't make sense. Probably, it is just good exit for investors.
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